Health insurers may offer you fitness goodies
Google said it has appointed exDisney India Executive Sanjay Gupta as its new Country Manager and Vice-President of Sales and Operations for India. He will take on the role early next year and will be based out of Mumbai working closely with the teams based in Gurugram, Hyderabad and Bengaluru. The move comes after Rajan Anandan had quit in April 2019 to join Sequoia.
India has initiated a probe into an alleged increase in imports of a Korean synthetic rubber, used in tyre making, which is impacting domestic industry following a complaint by Reliance Industries According to a notification of the DGTR an application has been filed by RIL alleging increased imports of 'Polybutadiene Rubber' from Korea causing serious harm to the domestic producer.
Your health insurance policy may soon help you follow a fitness regime by offering routine health and dental checkups, offer discounts on your protein supplements/health boosters, medicines and even connect you to a yoga centre or nearby gym. If you follow the wellness regime, you could get be rewarded with discounts on premium or an increase in the sum insured at the time of renewing your policy.
In order to enhance the scope of services offered under wellness and preventive features/benefits of health insurance products, the insurance regulator-The Insurance Regulatory and Development Authority of India (Irdai) on Thursday released an ‘exposure draft on guidelines on wellness and preventive features.’
According to the proposed norms, “Based on fitness and wellness criteria stipulated and disclosed, insurers may endeavour promoting wellness amongst health insurance policyholders by offering: health specific services provided by network providers or other empanelled hospitals / service providers for outpatient consultations or treatments, pharmaceuticals, health checkups/diagnostics including discounts on all the above
Contrary to the trends in other Special Economic Zones, Kochi SEZ has recorded a phenomenal growth in the exports of gems and jewellery in the past two years. Gem and jewellery exports from Kochi Special Economic Zone shot up 529 per cent in the past two years, while the total exports from the country has been declining. Kochi SEZ has not added any major manufacturing unit in these years.
In FY19, Kochi SEZ exported Rs 40,888 crore worth gems and jewellery, which was 95 per cent of the total exports from the zone. In FY17, the gems and jewellery exports stood at Rs 6,501 crore and this went up to Rs 19,149 crore in FY18—a growth of 529 per cent in two years and 114 per cent in one year.
Nov. 8: Gold headed for the biggest weekly loss in three years as progress in US-China trade talks hammered demand for havens and sent miners’ shares tumbling.
The metal dropped 3.7 per cent this week, the most since November 2016, as China and the US indicated they are heading toward an interim
According to SEZ officials, gold jewellery, medallions and coins are largely exported from the SEZ under the gems and jewellery category. Of the total gold jewellery, medallion and coin export from the country, Kochi SEZ alone has a share of 45 per cent. When we take gold jewellery deal to halt the trade war. Some signs of stabilisation in the global economy have also dented gold’s allure, and JPMorgan Chase & Co and Citigroup Inc closed out their bets on the traditional haven. Other precious metals also plunged, with silver losing 7.6 per cent of its value this week. exports from all the SEZs in the country as well as medallion and coin exports, Kochi SEZ's share is 61 per cent.
In FY19, gold jewellery aggregate exports from all other SEZs in the country has declined 6 per cent from Rs 21,146 crore in FY18 to Rs 19,860 crore in
FY19. In these two years, gems and jewellery has increased its share in the total exports from the SEZ. In FY17 it accounted for 71 per cent, 87 per cent in
FY18 and 95 per cent in
FY19.
Officials told Financial Chronicle that Rajesh Exports accounts for majority exports from the SEZ. There are three more exporters—Amy Jewellers, Cochin Art and MTV Jewellers—which operate from the SEZ. No new unit has been opened in the last two years. Instead, last year Sona Diamond and Gold Exporters shut their unit in the SEZ after UAE imposed five per cent VAT and it became unprofitable for the company to export.
Rajesh Exports started operations in the SEZ in
2016 and till then gems and jewllery was not even a category mentioned in the export data of the SEZ.